Flutterwave Expands Partnerships and Innovations to Empower African Businesses

Flutterwave, Africa’s leading payments technology company, has made significant strides in its mission to revolutionize payments and connect businesses across the continent to global opportunities. Through strategic partnerships and innovative solutions, Flutterwave empowers small and medium-sized enterprises (SMEs) and startups, forming the backbone of Africa’s economy.

One of Flutterwave’s recent collaborations is with Acquired.com, which aims to enhance the customer experience for users of its flagship remittance product, Send AppApp. By leveraging Acquired.com’s payment processing expertise, Flutterwave offers faster, more secure, and hassle-free money transfers for U.K. and E.U. cardholders sending funds to Africa. This partnership has resulted in a frictionless customer experience, thanks to tailored analysis, recommendations, and intelligent BIN routing through Acquired.com’s multiple acquiring connections.

Flutterwave’s commitment to innovation has not gone unnoticed, as it was recently named Fast Company’s Most Innovative Company for Europe, the Middle East, and Africa in 2024. This recognition highlights the company’s dedication to adopting innovation across all aspects of its business. It includes building Africa’s largest payment network by reaching out and creating solutions that simplify payments, currency exchanges, e-commerce, and remittances for global companies, local businesses, and Africans.

To further support the growth and expansion of multinationals across Africa, Flutterwave has developed critical solutions for payouts and collections. These solutions enable global enterprises to collect and make payouts in multiple currencies while providing the flexibility to move money around easily and take advantage of investment opportunities quickly. Flutterwave’s collaboration with Microsoft to scale its payment solutions on Azure has also contributed to increased efficiency in its engineering and product development.

Flutterwave’s partnerships extend beyond global enterprises. It partnered with Token.io to enable open banking for its U.K. and E.U. customers, introducing African businesses to millions of international customers. The company has also expanded the reach of its remittance solution, Send AppApp, in Canada and the U.S. It has integrated mobile money and cash pickups in selected destinations for Africans to receive remittances in their preferred cash withdrawal method.

In a recent five-year strategic technology partnership, Microsoft and Flutterwave have joined forces to accelerate payment innovation in Africa and support the growth of SMEs across the continent. By transitioning to Microsoft Azure, Flutterwave aims to process high-volume payments at scale, ensuring its clients a seamless and secure payment experience. The collaboration also allows Flutterwave to scale its product offering to millions of merchants worldwide through Azure OpenAI Service.

Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, expressed his excitement about the partnership with Microsoft, stating, “We’re honored that Microsoft believes in our vision and trusts our capability. I am proud to say we’re not just dreaming of an inclusive digital Africa but creating it.”

As Flutterwave continues to drive sustainable growth and digital financial inclusion in Africa, its partnerships and innovations are set to empower SMEs and startups, providing them with the tools and services they need to succeed in the local and global marketplace. Flutterwave is paving the way for a more resilient and prosperous African economy by focusing on simplifying payments and connecting dreams to opportunities.

Comments are closed.